Ultra Lithium

Ultra Lithium Interest Coverage

The Interest Coverage Ratio of Ultra Lithium (ULT.V) as of Oct 20, 2026 is -3.12. In the previous year, Interest Coverage Ratio was -4.14 — a change of -24.69% (higher).

Interest Coverage

-3.12

YoY

-24.69%

Last updated:

Interest Coverage Ratio of Ultra Lithium is 2024 -3.12 . Interest Coverage Ratio of Ultra Lithium was 2023 -4.14 . It decreases by -24.69% higher compared to the previous year.

The Ultra Lithium Interest Coverage history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Interest Coverage
Date
Interest Coverage
Jan 1, 2017
-287.40 CAD
Jan 1, 2018
-1.82 CAD
Jan 1, 2019
-1.30 CAD
Jan 1, 2020
-10.09 CAD
Jan 1, 2021
-21.33 CAD
Jan 1, 2022
-28.81 CAD
Jan 1, 2023
-4.14 CAD
Jan 1, 2024
-3.12 CAD
The Ultra Lithium Interest Coverage history
YEARInterest CoverageYoY
-3.12-24.69%
-4.14-85.61%
-28.81+35.04%
-21.33+111.44%
-10.09+674.57%
-1.30-28.24%
-1.82-99.37%
-287.40+71.05%
-168.02+1,103.49%
-13.96+173.58%
-5.10—

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Ultra Lithium Stock analysis

What does Ultra Lithium do? Ultra Lithium Inc. is a Canadian company based in Vancouver, operating in the Materials sector within Metals & Mining. Founded in 2006, the company focuses on exploration and development of lithium and other mineral properties. It holds brine lithium assets in Argentina and Nevada, as well as hard rock spodumene projects in Ontario, Canada. Key projects include the Laguna Verde brine lithium property in Argentina, Georgia Lake and Forgan Lake pegmatite projects in Ontario, and the South Big Smoky Valley project in Nevada. Ultra Lithium is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Ultra Lithium stock

Interest Coverage Ratio of Ultra Lithium is -3.12 in 2024.

Interest Coverage Ratio of Ultra Lithium changed from -4.14 to -3.12, representing a -24.69% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of Interest Coverage Ratio Ultra Lithium since 2006 – with annual values, charts, and detailed analysis.

The Interest Coverage ratio measures a company's ability to pay interest on its debt. Higher ratios indicate greater financial strength and lower default risk.

Interest Coverage = EBIT / Interest Expense

A 'good' varies by industry and company stage. On Eulerpool, you can compare Interest Coverage Ratio's Ultra Lithium with sector peers and the industry average to assess whether it is attractive.

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Leverage — Ultra Lithium

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